Asian gaming shock
Xi who must be obeyed: This week’s Chinese government proposals for tighter regulations in Macau knocked a record $18.4bn in combined share price value off Macau’s gaming operators. The new rules will include increased supervision of operators’ daily activities around VIPs and junkets, a raised level of local ownership, restrictions on dividend payments and the […]
Catena buy i15 Media
On tick: Catena Media has moved once more to bolster its US presence via the acquisition of the online betting and casino sites of i15 Media for $45m, with $12.5m paid on closing and the rest – including $12.5m of new Catena shares – paid in instalments. Among the portfolio of more than 100 sites […]
888 confirms William Hill buyout
The top line 888 will pay Caesars Entertainment £2.2bn ($3.04bn) for the entire William Hill international business. The buyout will be funded by £1.64bn of new loans, a £150m revolver facility and via a £500m right issue. 888 will also take on £0.8bn of William Hill debt. In 2020 the combined business would have had […]
Sports data takes the stage: Sportradar IPO
The top line Sportradar hopes to raise up to $612m via the sale of nearly 22 million shares at between $25-28 which at mid-point would value the business at $8.3bn. In 2020, revenues rose 6.4% to €404.9m ($477.8m) while in H121 revenue rose 42% to €272.1m. Revenues from the U.S. segment grew over 50% to […]
Broadcast News
The magnificent seven: The news that BetMGM, FOX Bet, PointsBet and WynnBet joining Caesars Entertainment, DraftKings and FanDuel as official NFL sports-betting partners inevitably means the upcoming season is likely to be accompanied by a soundtrack of incessant betting advertising campaigns. Certainly, if sports-betting follows the DFS playbook from 2015 then the possibility of avoiding […]